Oil Change International Reaction to TotalEnergies Profits Announcement

Paris, France – TotalEnergies, the French oil giant, will announce its 2025 profits as the global oil market faces an oversupply, driving prices and profits down across the industry. TotalEnergies claims to be the biggest supplier of LNG to Europe, as well as the biggest LNG exporter from the United States. The company continues to import gas from Russia. TotalEnergies is now under fire for contributing to Europe’s reliance on hostile countries. 

At the same time, Total is also facing intense scrutiny for pushing a mega LNG project in Mozambique linked to alleged human rights atrocities, all in the wake of a historic judgment in French court over greenwashing.

David Tong, Industry Lead at Oil Change International, said:
“TotalEnergies is feeling the profits pinch from the global oil glut, scrambling to wring every last drop of profit from a dying, destructive industry. TotalEnergies has made clear it will betray Europe and its home country of France to cash in on gas. Even as Russia and the US threaten Europe, TotalEnergies continues to import Russian gas, and claims to be the largest exporter of US LNG. While Europe’s path to energy security, affordability, and a livable climate depends on a rapid shift to renewable energy, TotalEnergies’ future profits depend on locking Europe into dangerous dependence on dirty, expensive gas.”

Clara Gonzales, European Center for Constitutional and Human Rights, said:
“Behind TotalEnergies’s results hide the harm and numerous human rights violations accusations. Over the last years, TotalEnergies activity has also fueled armed conflicts, in particular in Mozambique where its gas plant is at the center of two criminal complaints, most recently for complicity in war crimes. The profit over human rights and imperialist logic of TotalEnergies needs to end.”

Neville Van Rooy, Outreach and Ambassador at The Green Connection, said:
“The minute communities hear this name they are confronted with the reality of a company that doesn’t seem to respect their livelihoods, companies that come with their profit agenda of exploration/exploitation which could destroy valuable fishing grounds along the coast of South Africa. While we have seen the impacts of oil spills on livelihoods of coastal communities in Niger Delta, oil companies need to stop further investments in fossil fuels. The fossil fuel agenda can’t come at the expense of the communities as climate change is already impacting vulnerable people. We are committed to protecting our lands, oceans and environment against the multinational companies who continue to make profits out of fossil fuels and human rights violations on the continent of Africa. Development must be defined by communities.”

Zaki Mamdoo, Campaign Coordinator of StopEACOP, said:
“The obscene profits Total reports year after year are nothing to celebrate, and they do not come from thin air. They are private gains borne of public harm, driven by an exploitative business model that tears at the social fabric of poor communities across Africa. Along the EACOP route, shareholders’ rewards are already being paid for with land loss, repression, and deepening poverty in Uganda and Tanzania. Whatever Total reports tomorrow, those profits don’t erase the reality, they underscore it. Projects like EACOP are a direct assault on a sustainable and prosperous developmental trajectory for our communities, reparations should be paid in full and the projects abandoned.”

Kete Mirela Fumo, Justiça Ambiental!, said:
“One of the largest French companies profits from the lands and seas of Mozambique, taken from agricultural and fishing communities, while demanding exorbitant additional costs from the already heavily indebted Mozambican state, in order to make its Mozambique LNG project viable. Affected communities have been waiting years for promised compensation and in the meantime face the impacts of armed conflict and the climate crisis. They have lost lands and livelihoods, and are seeing their food sovereignty threatened. Despite reporting billion-dollar profits each year, sometimes close to Mozambique’s GDP, the company fails to provide reparations to those people it has harmed, enriching itself at the expense of a poor country, with her people forced to bear the social, economic, and environmental impacts.”

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